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PBS
Jun 23, 2013 3:30pm PDT
iraq. that is what he is tip towing in. >> toe into. >> the g8 speaks to the world economy. >> at the summit the g8 leaders issued a cautious assessment of the global economy. in a statement, the g8 warned that, quote, global economic prospects remain weak. though downside risks have reduced thanks in part to significant policy actions taken, unquote. in the u.s., the euro zone and japan. they depicted 2014 as a quote unquote difficult one with the euro zone in recession and the american economy still hampered by high unemployment. china did not participate in the discussions since china is not a member of the g8 although japan, its neighbor, is. >> why are the economies around the world slowing down. >> because the economies around the world have accumulated too much debt and they don't know how to get the economies moving again. china's growth rate is down to 6 or 5%. no one knows where it's going. exports within the european community are dropping all over the place. virtually every european country -- look at the unemployment rate in spain. it's 26%. you look at italy, france and
CNN
Jun 22, 2013 11:00am PDT
economy? so many people came back to me and says, it's hedge funds taken out, they want to lock them in, they're resetting, moving to cash, resetting, and it's going to be temporary. so it wasn't nearly as scary and it really was hedge funds, that fast, short-term money. not the long term, people. >> so ben bernanke didn't say we're taking money out of the economy, we're putting on the brake. he said sometime in the future, when the unemployment gets to 7%, we will slow down on the accelerator. >> it's exactly what people wanted them to do and it's exactly how they should do it. give them lots of time to adjust, lay out the framework, give them exact details. this is when we think we're going to do it, we're going to do it gradually. and if the economy weakens, we're going to get back in and make sure it's okay. >> ben bernanke says the fed will pull back stimulus measures as the economy improves. that is a good thing the fed chief is giving a road map for that. that means the u.s. economy can stand on its own. that means the u.s. economy is healing. but then you have nagging concern
CSPAN
Jun 16, 2013 6:30pm EDT
rich and the economy. are we living in a time of economic inequality and is that important? >> guest: we are indeed the gap between the rich and the poor stands at the mere historical levels, not just in the united kingdom but even more so in the united states and across the majority of the rich world. these countries have been getting much more unequaled since the 1970's and in some countries particularly the united kingdom and the united states now back to the kind of income the gaps that we saw in the pre-war iraq. i mean in the united kingdom, we are back to the sort of levels of any quality of the 1930's and in the united states we are back to inequality of the 1920's. so this is a remarkable switch. we have a long period of equalization. the great leveling as historians have to find it in the post war era to the 1970's and then that whole process has gone into reverse. we have simply gone backwards to where we were eda, 90 years ago. >> host: some would call that leveling the redistribution. >> guest: some of it was a redistribution but the main driver of this process
CNN
Jun 22, 2013 6:30am PDT
a depression historian trying to prevent one today. put the economy in terms we noneconomists understand. it's like a car. >> to return to the driving analogy, if the incoming data supports the view the economy's able to sustain a reasonable cruising speed we will ease pressure on the accelerator by gradually reducing pace of purchases. >> not put on the brake but was ease off accelerator. the fed has been buying $85 billion a month in bonds. that money rushes into the economy, fueling a huge rally in stocks, huge rally until this week. it keeps interest rates low on your home and car loans. but investors are nervous that tapering, taking the foot off the gas, will end the big gains. just the fear of ben bernanke easing up on the gas pedal sent the dow down 500 points wednesday and thursday. regardless if you own any stocks, your money is on the line. terry sav itch, author of the savage truth on money, chief investment strategist, welcome to the program. you say all of the worrying about when stocks will pull back is a good thing. explain. >> well, i'm not saying that it's a
SFGTV
Jun 23, 2013 11:30am PDT
, the technologically oriented companies that are part of a share economy, get more people involved in the economy in general, and creating ideas about how people can participate. we came across a very great idea that as we go through more exercises in our disaster preparedness, ann and her staff have been great at that. in fact, the last one i kind of had fun in, how do we feed 10,000 people in the middle of the tenderloin in a major erredthtion quake disaster. we walked through that. we saw how meals are served. we tried to do it in the proper way. ~ earthquake we know we're going to need a lot of help. the main message that we wanted to have was after a disaster hits, we want the message to be out before disaster, during a disaster, and right after, that we welcome everybody to participate in our recovery. and the best way to recover quickly and faster is we engage everybody immediately about how we can help and assist each other. and that's partly a philosophy of the sharing economy as well. and whether it's a need for space, people need to have space as they did in the aftermat
CNN
Jun 15, 2013 11:00am PDT
of modern family. >>> first, will a world economy and turmoil derail america's economic comeback. christine romans has answers as your money starts right now. >>> another week of volatility in the markets. the reason? global unrest. uncertainty about the fed's role in propping up the economy. i am christine romans. this is "your money." >>> from space, earth appears peaceful. while science points to a u.s. economy that is ready to take off, the rest of the world is struggling to take fights. riots in turkey, slow growth in china, unrest over harsh cuts in greece. from ux treem greed to extreme fear. concerns over a global recession already creating volatility for investors. this week saw the biggest single day decline in the dow this year. >> i would give our economy a b to a b plus. >> the other guy's is dragging us down. >> why might you be feeling optimistic. housing prices on the rise, consumer confidence at a five-year high, fewer americans filing for unemployment. will america's comeback continue or will the u.s. be dragged down by a world economy in turmoil? >>> i want to
FOX News
Jun 15, 2013 7:00am PDT
hurting one of the strongest parts of our struggling economy? hi, everyone, i'm brenda butner. the bulls and bears this week. gary b. smith, toeben smith, jonas, john layfield along with susan ox. welcome to everybody. okay, gary b., you say all this snooping could shock the one part of the economy that's actually growing? how so? >> absolutely, brenda. look, i'm going to call this the nsa tax, if you will. you know, we have the e-commerce segment of our gdp is about $269 billion. it's growing the fastest of any retail segment that we have out there. in fact, it's probably, if you look back over the last few years, really supplied the bulk of the jobs and growth and innovation in the retail sector. if people now are afraid to go online, and they are, i mean, they've been afraid in the past. you know, credit cards and stuff like that. this is only going to exacerbate it. if that industry starts to shrink, oh, boy, the economy is really going to suffer. >> jonas, you say consumers are going to get used to it after a little while. >> i don't think it's going to change shopping behavio
PBS
Jun 19, 2013 4:30pm PDT
>>> the incoming data supports the economy can sustain a reasonable cruising speed. we'll ease the speed to gradually to pace purchases, however any movement made by considering the brakes by raising short term rates are far in the future. >> the tail of the taper, the federal reserve chairman lays out a road map for scaling back on stimulus. bond yields jump and we'll see what it mens for your investments. >>> treating obesity, 1/3rd of american adults and 17% of children are considered to have a disease and could have implications for doctors, patients, insurers and health care. >>> congress questions the effectiveness of a safety mandate and skrud news the mandate. that and more tonight on nightly business report for wednesday, june 19th. >>> ben bernanke has spoken and now investors all around the world have a much better idea of when the federal reserve will start cutting back on the massive stimulus program. the fed chairman said that process could begin later this year and the bond purchases could end completely by the middle of 2014 but only if unemployment and housing cont
CNN
Jun 16, 2013 3:00pm EDT
world economy in turmoil. derail america's economic comeback. christine romans has answers. "your money" starts right now. >>> another week of volatility in the markets. the reason, we global unrest and uncertainty about the fed's role in propping up the economy. i'm christine romans, this is your money. from space, earth appears peaceful. take a closer look. while signs point a u.s. economy ready to take off, the rest of the world is struggling to take flight. riots in turkey. slowing growth in china. unrest over harsh cuts in greece. from extreme greed to extreme fear. concerns over a global recession already creating volatility for investors. this week saw the biggest single day decline on the dow this year. >> i would give our economy a b to b plus. >> the other guy getting a d is dragging us down. >> why might you not be feeling optimistic? housing prices on the rise. less unemployment numbers. but will the u.s. be dragged down by a world economy in turmoil. >>> want to bring in keith, ceo of risk management and michelle myers, from bank of america. let me start with you, kei
FOX News
Jun 20, 2013 1:00pm PDT
got him elected by pumping all the money into the economy, and being the only thing promoting economic growth because his fiscal policies he even admits fail. that's pretty bad. i was shocked at bernanke's statements yesterday. they were clear and concise and said in clear terms that we're going to end this, when we get any sort of indication it's probably going to be over. we may even end et al. together next year if the economy starts to improve. he knows the markets are so volatile, on tender hooks about ending quantitative easing, and you have to thicket was payback. >> neil: normally, they stay before you fire a person, make sure you have their security pass. and check they don't have weapons. but in this case, the powerful weapon. i'm not saying -- there could be the temptation to say i'm going do it sooner than the market thinks. >> i don't think what the president said was an accident. i don't think he says anything accidentally. and you can read a lot into that. and there has been a ton of chatter since that interview, talking about, wow, this is really the end for ben, and i
PBS
Jun 21, 2013 1:00am PDT
? or is this a chance to take advantage of lower asset prices just as the economy shifts into a higher gear? >> one point we think a lot of investors are missing, though, is that the fiscal drag to the economic growth scenario for the u.s. next year becomes far more favorable. >> let's get prospective from phil orlando. phil, as always, good to see you. question number one, is this bull market interrupted or bull market fatally wounded. >> we're just interrupted, tyler. there is no question the sell off was a reaction but the market is missing it. the federal reserve in our view is going to be making a data dependent decision. for them to pull it that's been aggressive for a number of years, they have to believe the economy is ready to grow at 3% or better and they wouldn't pull the accommodation if they felt the economy was weak. so that's a positive, not a negative. >> basically, it seems to me, phil, that what chairman bernanke said yesterday is what he's been saying for months. he did put more sharp points on it but what occurs to me is that the sentiment in the market has c
CNBC
Jun 19, 2013 2:00pm EDT
statement today. the fed saying the downside risks for the labor market and the economy have diminished, perhaps setting the stage for tapering. there were two dissent, one from the hawkish side and one from the dovish side, one from george and one from bullard. let's get to the details now. the economy seemed just like it was last time, expanding at a moderate pace, a slight tweak to the gdp forecast. back to that later. the labor market upgraded just a touch, seen as further improving rather than some improvement and same concern about the unemployment rate, the unemployment rate remaining elevated. you'll see in the forecast a little more aggressive decline in the unemployment rate anticipated by the federal reserve, spending, household and businesses seen advancing and howing strengthened further as they said last time. inflation somewhat below the long-term objective and that inflation forecast came down by a strong half point in 2013, seemed to be accelerating next year. downside risk, seen to the outlook and to the economy and labor market as having diminished. that's a big chang
FOX News
Jun 23, 2013 3:00pm PDT
. this bill reduces our deficit by $890 billion. it is good for our economy. this bill is good for our national security. no one can get a grown card until the border security measures are up and running, until e verify is up and running controlling the job in america. as to the 11 million we have an earned pathway to citizenship but they have to get in the back of line before they can become a citizen. they cannot cut in line the this we have to pass two english proficiency. whats. i reject being the middle east for those who cannot be part of america. we are different than the middle east and europe, out of many, one. this is a good solution for our national security and our economy and for the 11 mill but if we do this bill, there will be no third wave of illegal immigration. >>chris: another objection mentioned, the idea this will be a huge,200-page bill, and i heard you complain about that during obamacare, the idea you have this huge bill that no one has resolution and why not take it in more bite-sized pieces. why not in this case? >> well, look at it this way, give the repu
CNBC
Jun 19, 2013 3:00pm EDT
support is necessary. if the economy does not improve along the lines that we expect, we'll provide additional support. if financial conditions evolve in a way that's inconsistent with economic recovery, we will provide support. but we're -- and in that way, we hope to increase confidence both among market participants, but also among investors and private consumers and other people in the economy. but again, your point is well taken that we are in a position where the simple adjustment by 25 basis points in the federal funds rate seems like a long-ago experience. and we are in a more complex type of situation. but we are determined to be as clear as we can, and we hope that you and your listeners and the markets will all be able to follow what we're saying. >> we'll go to donna and then go to peter. >> donna boreack with american banker. next month will be the anniversary of the dodd-franken act. can you provide us an update on where we stand with the rule makings and, also, are you still optimistic we will see the rules completed by the end of this year? >> it's certainly true tha
CSPAN
Jun 23, 2013 11:00am EDT
collective economy that could bring great results. >> they designed a paradise and they wanted to take all chinese to this paradise. so they stripped off everybody's freedom. [speaking in native tongue] >> translator: no one had the freedom to find food and to grow food according to their own efforts. >> so they collectivized farming [speaking in native tongue] >> they took away the incentive to grow? [speaking in native tongue] >> translator: yes, there were a number of individuals and households, individual households as production units. >> was green in the arab cultural areas? it got sent away, is that correct? [speaking in native tongue] [speaking in native tongue] >> translator: actually the grain production was rejuvenated by huge amounts because they took away the incentives of production. >> but they also took away into the city's? [speaking in native tongue] >> translator: the government simply took away the harvest. all of it. then they redistributed to people. >> it reminds me of the tragedy in the ukraine, very similar to what happened. while the famine was going on, it was ve
CNBC
Jun 20, 2013 1:00pm EDT
if the economy is getting better. and he says, the economy is showing signs of getting better and we think by year end and into 2014, it's going to be better still. so we anticipate being able to take away some of the scaffolding around this building and let it see whether it can stand on its own two feet. why is that bad news? why are commodities, stocks and bonds selling off on what, really, you could interpret as good news? >> i think it really isn't bad news, and i do think that much of what chairman bernanke said yesterday was in line with market expectations, but it clearly wasn't in line with investor positioning. so people are selling because they had a different expectation of where the fed was going to be. we now have a situation where there is some concern coming out of the markets, are the feds going to move too soon? i think that's unlikely. inflation continues to fall, so we're in a disinflationary environment. i think the feds' investments on employment are probably accurate, so i think as we look at the second half of the year, positions are going to get squared in th
CNBC
Jun 21, 2013 7:00pm EDT
who actually made the same point. the economy is soft, inflation virtually non-existent and i'm just going to add why risk deflation when we barely have a recovery at all? one major consequence of the bernanke policy of ending bond purchases is the big jump in interest rates and that, in turn, changes stock market valuations and that is one big reason for the large correction in stocks this week. no one can foretell the future. least of all, me. but let me just ask a couple of questions here. have treasury rates completely discounted an end to qe, okay? i don't think they have. here's my fear. i'm just going to say this. if you play this out, the ten-year treasury ought to be the same as the growth of total spending or nominal gdp in the economy and that's 3.5%, maybe 4%. we're at 2.5% on the treasury. in other words, in the last year we'll be looking at rates going to 4% in treasurys and i don't think that's in the market yet. now, also, will both stocks and bonds play cat and mouse with the fed? every day, every week, every month for the next couple of months. that's going to be a
FOX Business
Jun 16, 2013 9:00am EDT
away, we grow up, we make friendsnd contacts. and i a good economy, it helps us get a job. there's a reason that tuition continues to rise. parts and ds see the's a eal value to having a degree by your name. i think we've got to recognize it'not the education. we get something entirely different of value from going to college. >> mike, there's another reason why coege tuition is going up, athat's the government, right? >> well, that's right. first of all,t sounds like john and i shar the same type of college expernce. but yes, you're absolute right. the reasonhy fewer graduates arearning a return on their investment or their parents' investment is bause government subsidies have raed the tuition of college. d at the same time, david,d, this is the worst economic recovery we've had sinc the depression. so it's harder to earn that return. >> but steve forbes, evenif a down economy, and we are owing at anemic rates, the market still provides some answers doesn't it? >> it does, david. and what we have here says more about our dysfunctional governnt thant does about colleges, if thisguy
CSPAN
Jun 23, 2013 5:10pm EDT
. to grow our economy. the arrogance we are seeing in the same arrogance that has left our economy plodding along. after four years of watching -- washington knows best, our economy is recovering at the slowest rate since world war ii. the growth numbers barely move. unemployment stays about the same. we are told not to read much into it. experts call this condition the new normal. some even argue it is good nough for now. it is not good enough for me. i know it is not good enough for you either. how can any of us stay on top with groups that nearly cap 12 million americans out of work and threaten our children's future? we should be doing much better. we are not a people who hobble along hoping some day some where down the line things are going to get better. we are a people who chart our own course, who take matters into our own hands. that is why i'm here today. people in this room represent so much of our nations economic success, and our potential for the future. manufacturing represents where things are gone wrong in recent years. america's greatness has always rested on our
CSPAN
Jun 15, 2013 9:00pm EDT
by designing the system, by putting the -- under a collective economy they could bring great results. [speaking mandarin chinese] >> translator: they are stripped everybody's freedom. [speaking mandarin chinese] >> translator: nobody has a freedom to find food . >> to grow food. >> translator: to grow them and find food according to their own effort. >> so they collectivized -- they collectivized farming. [speaking mandarin chinese] >> took away the incentive to grow -- [speaking mandarin chinese] >> translator: dismantled individuals and individual house hold as production units. >> there was grain in the agricultural areas, but it got sent away; correct? [speaking mandarin chinese] >> translator: the grain production is -- [inaudible] the grain production was rejuiced by huge -- reduced by a huge amount. they took away the incentive, as you said of production. >> they also took it away. the grain itself? correct? they took it to the city. [speaking mandarin chinese] >> translator: so the government simply took away the harvest, the yields of all of it. [speaking mandarin chinese] >
CNBC
Jun 23, 2013 7:30pm EDT
the economy. >>. >> my conversation with one of the most powerful people in washington, john boehner, on the fed fiscal policy, the immigration reform, and a lot more discussion you don't want to miss. >>> and forget about retirement communities. where baby boomers are headed when they hang up their working shoes. the impact on the economy and younger people. "on the money" begins right now. >>> here's a look at what's making news as we head into a new week "on the money." ben bernanke spoke and the economy had a taper tantrum. he said the economy is getting stronger and if the strong reports continue, the fed will slow down the pace of the bond-buying programs that helps to keep interest rates low this fall. bernanke also said quantitative easing could end by the middle of next year. >> if the incoming data are broadly consistent with this forecast, the committee currently anticipates that it would be appropriate to moderate the monthly pace of purchases later this year, and if the subsequent data remain broadly aligned with our current expectations for the economy, we would continu
PBS
Jun 21, 2013 7:00pm PDT
points thursday before stabilizing today. of course, that plan depends on whether the economy continues to improve. gone in two days were was last two months of gains in the stock market. for the year stocks are up more than 12%, even if a lot of us have doubts about the health of the economy. >> unemployment needs to be fixed, housing market. >> i'm worried about the economy. >> reporter: what is next? the year is almost half way down. corporate reports will come out soon and experts are nervous, housing recovery, mortgage rates are inching up. >> these stocks will be volatile until we get clarity on what the feds are doing. >> reporter: there is no shortage of opinions even inside the fed itself. jim bullard said the bond buying was inappropriate time. >> i think the fed was purposely trying to take air out of the housing market and stock market. they don't want the stock market going up 20% every six months and house prices rising 10% year after year. >> reporter: they took bernanke at his word, the economy is recovering and a policy charge is a short-term shock to the syst
PBS
Jun 21, 2013 4:00pm PDT
future. >> the economy has suffered, and so have local businesses. in that sense, i do not support further protests, but if the prime minister had expressed himself better, if he had been more accommodating, things would never have got so bad. he likes to project power. this is how he travels to his political rally. to his critics, the heavy- handed police response to the protest symbolizes the heavy- handed attitude of his government. for some, enough is enough. >> they do not want to be told how to lead their lives, how many children they should have, what kind of bread they should eat, what they should drink or not. they are just fed up. it is also partly a reflection of the fact that people decided that they needed to speak up, to sort of remind the government that there are these other people out there who have a different view of how the country should be run and that their views should be respected and taken into account. >> so at 9:00 every night, they bang their pots and pans in noisy protests against the government that has won three elections and looks set to win another
KCSMMHZ
Jun 14, 2013 5:30pm PDT
american economy to help the global recovery. but christine lagarde is urging the bank to roll back its monetary easing in the future. the imf managing director spoke after releasing an annual report on the health of the u.s. economy. she said the feds quantitative easing helps the recover ne the u.s. and supports the global economy. >> there is no need to rush to exit from monetary accommodations given the still large output gap, gishton subdued growth that we have, and given the well-anchored inflation expectations. >> lagarde says the monetary easing should continue at least through the end of the year. the fed is buying $85 billion in bonds and other assets each month to lower borrowing costs and stimulate employment, but investors speculate it may start tapering off these stimulus measures. the imf report notes markets could overreact leading to a sharp increase in long-term interest rates and volatility of international markets. >>> united nations officials say they expect average life spe expectancy around the world to rise to almost 82 at the start of the next century and they e
FOX Business
Jun 23, 2013 1:00am EDT
you start seing the economy get better, more people going in the workforce, it will take a while before the raise rates. >> but this has been a bond buying binge. if it stops, if the fed pulls back, isn't that a sign that the economy is improving and isn't that good for the market? >> brenda, i think you're absolutely right and it's a return that we can rely on. the fundamentals of t economy, you have the jobless rate being reduce you have housing up and you have cporate profi an all time gh. so think it was an indication bernanke that we are seeing these indicators and these good focasts and that plese look at this because we may -- if we hit 7% unemployment, we may art ultimate putting on the brakes as it relates to easy money, if you will. john, is this a bubble about to burst? are we about to see what happens to the housing market? >> no i think what happened is a bubble was starting to form because of the low rates. the market was getting ahead of the real economy which is still a little lackluster in a lot of areas especially employment. and what the federal government was
ABC
Jun 23, 2013 8:00am PDT
and forget whether we have new border guards or not, probably this will be good for the economy. if we settle on immigration and scrutinize it, at the george bush center we have a book about immigrants and growth, a whole book showing almost all the time they help. even with jobs. >> you have been going back to coolidge. the republicans have struggled with this debate. >> yes, the republican party can be sour. that's one of the sour parts of calvin coolidge. he didn't always appreciate immigrants. but he did appreciate once they were here, the whole process of americanization, or the coming part of america, whatever words we use now, whether we came over on the mayflower or in steerage just a few years ago, we're all in the same boat here. what i emphasize in that book and in this conversation, immigrants make the economy stronger. that's the number one -- it's there. it's true. >> there's no question. i think every mainstream economist agrees that as an economic matter, it is a positive for this country. it was built on immigration. the issue of pressing down on wages has been studied
CNBC
Jun 20, 2013 4:00am EDT
economy continues to improve. his comments at the meeting shook the stock and bond market. it's greater optimism. the unemployment could drop to 6 point phone 5% in 2014. that's a year earlier than previously thought. they're still not concerned about inflation and think gdp might expand faster than 3% over the next two years. bernanke tried to draw a distinct line between tapering and the end of qe 2. >> the most important thing that i just want to convey again is that it's important not to say this date, that date, this time. it's important to understand our policies are economic dependent. >>> so coming from the fed. equities sold off in the united states. you can see here just about 35, 40 stocks on the dow jones 500. ftse up 1 2/3. the pmi number. basic resources are the biggest seller. that comes off with china, hsbc pmi down at a nine-month low. new orders down. we're getting more on that from munich. the market reaction, this means commodities are weaker as well to date. spot gold down 3% this week. a long way from that high in 2011. 1308. copper down 2%. as far as bond markets
CNBC
Jun 16, 2013 7:30pm EDT
%, and consumption contributes to gdp and makes up more than two-thirds of the u.s. economy. america is on track with the smallest deficit for five years. the -- a fall of more than 25%. a reason standard and poor's raised the credit rating from negative to stable. a the software will he easier photo sharing and it's siri voice activation software. >> the dow losing streak, bond yields rising, worries about the federal reserve. what to do, stand pat? joining me right now, the chief investment officer, and jason, chief investment officer. thank you so much. so, rebecca, not like their there was change in sentiment this week. now we know the fed is going to stop at some point, but really, really volatile markets. up 200, down 200, then a big bounceback on thursday. were you surprised? >> a little bit. we all knew the day would come butl the quantitative easing, the monetary policy in the u.s. and europe and japan, something there's no precedent for. so we knew there would be some sort of market reaction when the tone started to change, but this is bigger than most people expected. >> what
NBC
Jun 16, 2013 5:30am PDT
auto sales. important because consumption makes up 2/3 of the economy. the treasury department said that the shortfall was more than 25%. it's part of the reason that stoo standard & poors raised the rating of the u.s. to stable. the product line of the mobile operating system at the annual developer's conference, the software will be developed this fall, and has easier sharing of photos. it's a nervous week for the markets for sure. worries about the federal reserve and other concerns, do you stand pat or make changes in your portfolio. good to see you both here. thank you for joining us. let's talk about this week, rebecca, it felt like there was a change in feeling this week, we know the fed will stop at some point, but really, really volatile markets. up 200, down 200 and then a big bounce back on thursday. were you surprised at the volatility this week? >> a little bit, yeah. we all knew this day would come, but we never knew what it would feel like, because we have never lived through anything like this before. the easing and the monetary policy in u.s., across europe and japa
CNBC
Jun 21, 2013 4:00pm EDT
suggest that the economy's doing better. if we continue to escalate a lot higher, like we have been -- i mean, we're up 87 bips on the 10-year in a month and a halftime. if we continue with that pace, that's what will cause the volatility, i think you want to use the volatility to pick out long-term themes -- in housing, aerospace, the industrials, and even start to look at the defensive stocks as they come down. >> rebecca, part of the issue for the markets has been currencies, has been credit, obviously. i mean, the dollar soaring against all currencies, right? euro, brazil, across the board. >> i think the dollar is likely to stay strong. the u.s. interest rate trend, i think, is going to be with us for a while. maybe not 30 years like falling interest rates were. but it could be for a couple of years. and so, if we're in that environment where you have rising interest rates, a stronger dollar, weaker commodity prices, when you think about the u.s. stocks you want to own, you want to think about names that are going to do well in a strong dollar, weak commodity environment. there
FOX Business
Jun 20, 2013 3:00pm EDT
in the coming weeks. investors try to let gays cells of the economy, not just the u.s., but the global economy. a lot of news, and assault team coverage with nicole petallides. once again standing by the new york stock exchange. a big sell-off. phil flynn at the cme tracking down the commodities, especially metals. jo ling kent is here with a very troubling story about china that we are following, but first to you, nicole. your headline please. >> reporter: to the big deal here is watching the volatility. we had a lot of 200. swings in the last 21 days since ben bernanke and his testimony may 22nd. half of those, ten of the 21 actually had 200. swings. the volatility is here and today you are obviously seeing a bigger move unusual. 350 points to the downside. cheryl: and an unusual move. that is how you would characterize this. >> reporter: absolutely an unusual move. essene the volatility of 10200, but not 350. cheryl: you will get back to you in a moment. phil flynn at the cme. >> reporter: it is a metals meltdown. what temperature doubles milton mack probably when the fed sta
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